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The Business Research Company’s Lithium Metal Global Market Report 2024is the most detailed report available on the market, including broad forecast periods and multiple geographies. The reportcovers the historic period – 2010-2021, and the forecast period – 2024-2033. The Lithium Metal Global Market Report 2023evaluates lithium metal market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global lithium metal market is expected to grow from$2.6 billion in 2023 to $3.07 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to surge in electric vehicles (evs), demand for renewable energy, demand for consumer electronics, increase in aerospace and defense sectors. The lithium metal market size is expected to see rapid growth in the next few years. It will grow to $5.67 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%.
The increasing adoption of electric vehicles worldwide is expected to propel the growth of the lithium metal market going forward. Electric vehicles are automobiles that consist of a motor powered by electricity stored in batteries that operate on electric motors and charge their batteries with electricity rather than fossil fuels like gasoline or diesel. Lithium metal is a crucial component in manufacturing lithium-ion batteries, the primary power source for EVs. For instance, according to May 2022, according to the Global EV Outlook 2022 report by the International Energy Agency, a France-based autonomous intergovernmental organization, electric vehicle (EV) sales have nearly doubled from 2021, reaching a new high of 10.2 million units in 2022. Additionally, the sales of electric car vehicles worldwide in 2023 are expected to be 14 million units, representing a growth rate of 35%. Therefore, the increasing adoption of electric vehicles worldwide will drive the lithium metal market.
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Top Major Players
Sociedad Quimica Y Minera S.A,
Albemarle Corporation,
Eramet Group,
Ganfeng Lithium Co. Ltd.,
FMC Corporation
The lithium metal market segments in the report are:
1) By Source: Salt Lake Brine, Lithium Ores
2) By Application: Lithium Ion-Anode Material, Alloy, Intermediates, Other Applications
3) By End-User: Batteries, Metal Processing, Pharmaceutical, Other End-Users
The table of contents in TBRC’s lithium metal market report includes:
- Executive Summary
- Lithium Metal Market Characteristics
- Lithium Metal Market Trends And Strategies
- Lithium Metal Market – Macro Economic Scenario
- Global Lithium Metal Market Size and Growth
- Lithium Metal Market Segmentation
- Lithium Metal Market Regional And Country Analysis
………
- Key Mergers And Acquisitions In The Lithium Metal Market
- Lithium Metal Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Lithium Metal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Lithium Metal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Lithium Metal Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……
Table 74: Sociedad Quimica Y Minera S.A Financial Performance
Table 75: Albemarle Corporation Financial Performance
Table 76: Eramet Group Financial Performance
Table 77: Ganfeng Lithium Co. Ltd. Financial Performance
Table 78: FMC Corporation Financial Performance
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